Zcash’s November upgrade could freeze funds in legacy Sprout pool

The proposed NU7 change would disable version 4 transactions, leaving ZEC in Zcash’s legacy Sprout shielded pool unspendable.

Zcash users holding ZEC in the network’s legacy Sprout shielded pool should move it before the planned NU7 upgrade or risk losing the ability to spend it.

Under Zcash Improvement Proposal-2003, NU7 would stop accepting the older transaction format that allows users to spend Sprout funds. ZEC left in the pool would become unspendable after the upgrade.

The proposal would not burn Sprout funds and leaves open the possibility of restoring access later. However, it warns that holders may never be able to spend funds left in the pool.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.

Subscribe To The Latest Crypto News

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

World Wide Crypto will use the information you provide on this form to be in touch with you and to provide updates and marketing.